Commercial Bank of Africa (CBA) and Safaricom's mobile credit and banking services platform,M-shwari will start giving a minimum of 7.35% per annum interest rates on all savings by their customers.
Read Equity Bank Eazzy loan interest rates
Communicating the message to Mshwari users,Safaricom sent direct SMS to notify clients of the change;
M-shwari however will continue to give its mobile micro loans at facility fee of 7.5% per loan.
Read Equity Bank Eazzy loan interest rates
Communicating the message to Mshwari users,Safaricom sent direct SMS to notify clients of the change;
Dear customer, from 14/09/2016, your M-Shwari deposit will earn interest of 7.35% p.a, being 70% of CBR. Loan Facility Fees remain unchanged at 7.5% per loan.
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